The Love Pit FY2022 filing

Tax-deductible

Dallas, TX501(c)(3)AnimalsEIN 47-5439776Revenue $346K in FY2022

On file with the IRSthelovepitrescue.orgPo Box 190472, 75219-6904 · Dallas, TXTax-exempt since Nov 2015Publicly supported charity — 170(b)(1)(A)(vi)

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The Love Pit is a 501c3 foster-based rescue on a mission to save the Pit bull through rescue, rehabilitation, training, and advocacy.

501(c)(3) charity; gifts are tax-deductible.
65¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $20K a year · 5% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
65%
of spending
Fine: 65% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
5 mo
of spending, in cash
Looks good: 5.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
7
named funders · $132K
Looks good: 7 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$5K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$346K
-1% vs prior year
Spent
$370K
To programs
65%
Net assets
$226K
By yearFY2020–FY2024
Revenue
$346K
FY2022▼ -1%
Tap a bar for its year
Revenue by fiscal year
FY2020$395K
FY2021$351K
FY2022$346K
FY2023$350K
FY2024$403K
Expenses
$370K
FY2022▲ +31%
Tap a bar for its year
Expenses by fiscal year
FY2020$286K
FY2021$284K
FY2022$370K
FY2023$382K
FY2024$425K
Net assets
$226K
FY2022▼ -12%
Tap a bar for its year
Net assets by fiscal year
FY2020$184K
FY2021$255K
FY2022$226K
FY2023$193K
FY2024$171K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 2015.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

65 cents of each dollar spent went to programs.

Program services 65% · $241K Management & general 33% · $123K Fundraising 2% · $6K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
Vice President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Aften Bell’s $22K as President and Executive Director is at the 23rd percentile of top reported officer pay among 1220 $100K–1M animals nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

See The Love Pit executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Rescues, rehabilitates, trains, and advocates for pit bulls.

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Provided by the organization

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3 programs · $241K · in their own filed words · FY2022
01

Medical

Each dog placed in our rescue undergoes a general exam at one of our veterinary partners. During this exam, its determined if more extensive medical care is needed and a plan of rehabilitation is put in place and scheduled. Every dog at the love pit must be medically cleared before it is placed up for adoption.

$229Kprogram expense
02

Foster & Adoptions

Foster: each dog in our rescue is placed in a foster home where they learn to become a good pet for a future family. During this time, we all work very hard to not only ensure the dog is medically rehabilitated but also evaluated for behavior and set up with a custom training plan.

$11Kprogram expense
03

Contribution made to 501c3 organization.

$778program expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 7 funders →

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$346K
Ln 12
Gifts and grantsLn 1h$337K
Other incomeLn 4–11$9K
Investment incomeLn 3$16
Money outPt IX
$370K
Ln 25
Programscol B$241K
Managementcol C$123K
Fundraisingcol D$6K
Owns and owesPt X
$226K
net assets · Ln 32
Cash and savingsLn 1–2$167K
Total assetsLn 16$231K
LiabilitiesLn 26$5K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$337K
Fundraising eventsLn 1c$113K
Investment incomeLn 3$16
Other incomeLn 4–11$9K
Total revenueLn 12$346K
Assets in detailPt X, end of year
CashLn 1$25K
SavingsLn 2$142K
Cash and savings togetherLn 1–2$167K
Land, buildings, equipmentLn 10c$9K
Other assetsLn 15$9K
Total assetsLn 16$231K
LiabilitiesLn 26$5K
Net assetsLn 32$226K
OperationsPt I, VI
EmployeesI 50
VolunteersI 6300
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$201K$167K
Land, buildings, equipmentLn 10c$16K$9K
Total assetsLn 16$277K$231K
LiabilitiesLn 26$22K$5K
Net assetsLn 32$255K$226K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$778$778
Legal feesLn 11b$8K$8K
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$56$56
Information technologyLn 14$9K$9K
OccupancyLn 16$79K$79K
Conferences, conventions and meetingsLn 19$27$27
Depreciation, depletion and amortizationLn 22$434$434
Other expenses (24a–d)Ln 24$241K$241K
All other expensesLn 24e$30K$24K$6K
Total functional expensesLn 25$370K$241K$123K$6K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $403K$425K−$22K$171K 990 PDF
FY2023 $350K$382K−$32K$193K 990 PDF
FY2022 Viewing $346K$370K−$25K$226K 990 PDF
FY2021 $351K$284K$67K$255K 990 PDF
FY2020 $395K$286K$109K$184K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $345,706 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $247,557$336,792
I-9 Program service revenue$0
I-10 Investment incomePrior year $9$16
I-11 Other revenuePrior year $96,921$8,898
I-12 Total revenuePrior year $344,487$345,706
I-13 Grants and similar amounts paid$778
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $283,574$369,591
I-18 Total expensesPrior year $283,574$370,369
I-19 Revenue less expensesPrior year $60,913−$24,663
Part VI · Governance 5 of 5 board members independent, 2 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $345,706 across 5 lines filed
Lines not itemized here account for $8,898 of total revenue; see the IRS return.
VIII-1c Fundraising events$112,907
VIII-1f All other contributions, gifts and grants$223,885
VIII-1h Total contributions, gifts and grants$336,792
VIII-3 Investment incomeRelated to mission $16$16
VIII-12 Total revenueRelated to mission $16 · Unrelated business $8,898 · Excluded from tax $0$345,706
Part IX · Statement of functional expenses $370,369 across 10 lines filed
IX-1 Grants to domestic organizationsPrograms $778$778
IX-11b Legal feesManagement $7,629$7,629
IX-12 Advertising and promotionManagement $3,296$3,296
IX-13 Office expensesManagement $56$56
IX-14 Information technologyManagement $9,095$9,095
IX-16 OccupancyManagement $78,781$78,781
IX-19 Conferences, conventions and meetingsManagement $27$27
IX-22 Depreciation, depletion and amortizationManagement $434$434
IX-24 Other expenses (24a–d)Programs $240,586$240,586
IX-24e All other expensesManagement $23,849 · Fundraising $5,838$29,687
IX-25 Total functional expensesPrograms $241,364 · Management $123,167 · Fundraising $5,838$370,369
Part X · Balance sheet $231,167 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $31,734$25,040
X-2 Savings and temporary cash investmentsStart of year $169,024$142,274
X-4 Accounts receivableStart of year $46,710$36,644
X-8 Inventories for sale or useStart of year $5,200$9,022
X-10c Land, buildings and equipment, netStart of year $15,821$9,183
X-15 Other assetsStart of year $9,004$9,004
X-16 Total assetsStart of year $277,493$231,167
X-25 Other liabilitiesStart of year $16,157$5,094
X-26 Total liabilitiesStart of year $22,038$5,094
X-32 Total net assets or fund balancesStart of year $255,455$226,073
X-33 Total liabilities and net assetsStart of year $277,493$231,167
Part XI · Reconciliation of net assets $226,073 net assets at year end
XI-1 Total revenue$345,706
XI-2 Total expenses$370,369
XI-3 Revenue less expenses−$24,663
XI-4 Net assets at start of year$255,455
XI-8 Prior period adjustments−$4,719
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$226,073

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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